considering whether a 1 storey wraparound extension with a whole house reno, to include new kitchen, bathroom, flooring, probably boiler and rewiring and the structural aspects etc would cost in 2026? As a minimum I'm thinking 150k. Any advice on amounts and should I factor a 20% possible surplus of budget for unforeseen works/costs?
Rightmove listing: https://www.rightmove.co.uk/properties/90478089#/?channel=RES\_BUY
https://www.zoopla.co.uk/for-sale/details/73068345/
This auction property interests me, but I feel very clueless about the process.
No viewings throws me off, I know it's falling apart, but can they expect buyers to gamble away their savings?
It's a doer upper, but how best could I estimate the costs of what needs doing? I'd be happy if works could be around 200k, but again this is a random figure I'm pulling with no evidence.
How much do auction properties go over their guide price? Would I expect this to go over 350k at auction?
What are the worst case scenarios of what is wrong with the property? The type of things that bankrupts people in the middle of renovations etc.
Thanks!